Lian Ping: The Central Economic Work Conference released a strong financial afterburner signal to lower the RRR or cut interest rates at the end of this year or early next year. Lian Ping, chairman of the China Chief Economist Forum and president of the Guangkai Chief Industry Research Institute, said in an interview that the Central Economic Work Conference mentioned that "a moderately loose monetary policy should be implemented" and "lowering the RRR and cutting interest rates at the right time", which means that it is expected to intensify next year. Combined with the current domestic and international situation and liquidity situation, it is expected that the RRR cut and interest rate cut will land at the end of this year and early next year. Regarding "exploring and expanding the macro-prudential and financial stability functions of the central bank", Lian Ping believes that, on the one hand, the monetary policy should be reasonable and moderate, with a steady pace, so as to avoid a big deviation from market demand; On the other hand, monetary policy should explore and expand related fields and innovate constantly in maintaining financial stability. The functional connotation of the subsequent central bank is expected to be further enriched, and its coverage function may be extended to the whole financial field. "Next, whether it is the real estate market or the stock market, we need to build a long-term mechanism for financial stability." Lian Ping said. (SSE)Alaide: Shareholders, directors and supervisors plan to reduce their shares by no more than 2.48%. Alaide announced that shareholders, directors and supervisors plan to reduce their shares by no more than 2.48%.Eurozone government bond yields barely changed, and eurozone government bond yields barely changed, after the European Central Bank cut interest rates by 25 basis points, as widely expected. Michael Brown of Pepperstone said in a report: "The interest rate cut was accompanied by a policy statement, which' copied and pasted' the policy guidance issued after the October meeting." The ECB reiterated that it would "follow the method of data dependence and successive meetings to determine the appropriate monetary policy stance." According to Tradeweb's data, after the interest rate was determined, the yield of two-year German government bonds was 1.941%, slightly lower than the previous 1.951%, while the yield of 10-year German government bonds was 2.130%, which was almost unchanged that day.
According to HKEx documents, iFLYTEK Medical Technology Co., Ltd. passed the listing hearing of HKEx.European Central Bank President Lagarde: The government should focus on reforms that promote growth.Israel used drones to attack the town of Shyam, a major town in southern Lebanon. On the 12th, local time, the reporter of the General Station learned that Israel used drones to launch an attack in the town of Shyam, a major town in southern Lebanon. Preliminary reports show that some people were injured in the incident. (CCTV News)
The rise in food prices has pushed the wholesale inflation in the United States to accelerate unexpectedly. The prospect of interest rate cuts next year is uncertain. The wholesale inflation rate in the United States unexpectedly rose in November, and the soaring egg price masked the moderate impact of price increases in other regions. According to data released by the Bureau of Labor Statistics on Thursday, the producer price index (PPI) rose by 0.4% month-on-month, the biggest increase since June, and economists surveyed by Bloomberg expected a median of 0.2%. PPI increased by 3% compared with the same period of last year, the biggest increase since the beginning of 2023. The core PPI excluding food and energy increased by 0.2% from the previous month and 3.4% from the same period of last year. The CPI report released on Wednesday showed that the core inflation rate in the United States remained firm for the fourth consecutive month. This series of data brought uncertainty to the outlook of prices and interest rates next year, especially when Trump threatened to raise import tariffs after taking office. Economists pay close attention to the PPI report because several of its breakdown data will affect the personal consumption expenditure price index (PCE) that the Federal Reserve is concerned about. Although PCE data will not be released before the Fed policy meeting next week, central bank officials will have a good understanding of the data according to CPI and PPI reports. The market generally expects the Federal Reserve to cut interest rates by 25 basis points next week, but the pace of interest rate cuts is expected to slow down next year.Eurozone government bond yields barely changed, and eurozone government bond yields barely changed, after the European Central Bank cut interest rates by 25 basis points, as widely expected. Michael Brown of Pepperstone said in a report: "The interest rate cut was accompanied by a policy statement, which' copied and pasted' the policy guidance issued after the October meeting." The ECB reiterated that it would "follow the method of data dependence and successive meetings to determine the appropriate monetary policy stance." According to Tradeweb's data, after the interest rate was determined, the yield of two-year German government bonds was 1.941%, slightly lower than the previous 1.951%, while the yield of 10-year German government bonds was 2.130%, which was almost unchanged that day.Apple's iOS 18.2 integrates ChatGPT or helps the future sales of iPhone 17. Citigroup maintains a "buy" rating. Citibank pointed out that the iOS 18.2 update released by Apple basically meets expectations and predicts that there will be more highlights in future updates. In the detailed analysis, Atif Malik, an analyst at Citigroup, said that some basic functions of Siri in the latest system version have been taken over by ChatGPT, but this did not affect his view on the phased introduction of Apple Intelligence functions. He thought that this strategy would not significantly change the difference between the update cycle of iPhone 16/17 and the previous cycle. Malik maintains a "Buy" rating on Apple and a target price of $255. For the future, Malik is optimistic about the update of iPhone 17, and predicts that Apple will achieve 227 million units, 246 million units and 253 million units in 2024, 2025 and 2026 respectively.